Ellington Financial Inc. EFC R2K

Real Estate · REIT - Mortgage · United States

https://www.ellingtonfinancial.com

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. It operates in two segments, Investment Portfolio and Longbridge. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, non-QM, manufactured housing, subprime residential, and single-family-rental mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential and commercial mortgage loans; residential mortgage-backed securities; commercial mortgage-backed securities; consumer loans and asset-backed securities backed by consumer loans; investments referencing mortgage servicing rights on traditional forward mortgage loans; collateralized loan obligations; non-mortgage- and mortgage-related derivatives; debt and equity investments in loan origination companies; and other strategic investments. It also offers reverse mortgage loans, including associated financial assets, financing, hedging, and allocated expenses. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes that intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial Inc. was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.

Market & Price

Market Cap

$1.70B

Current Price

$13.57

High / Low (52W)

$13.57 / $10.96

Beta

0.93

Valuation

Stock P/E

8.38

Industry PE

26.58

Forward P/E

6.96

PEG Ratio

Book Value

$13.63

Price to Book

1.00

P/S

4.26

EV/EBITDA

Dividend Yield

11.50%

Profitability & Returns

ROCE

ROE

12.18%

ROA

1.19%

Profit Margin

53.39%

Op Margin

59.41%

EPS (Latest Qtr)

$0.78

EPS (TTM)

$1.62

Balance Sheet & Liquidity

Debt/Equity

9.06

Quick Ratio

8.08

Current Ratio

8.10

Debt

$17.74B

Total Assets

$19.35B

Current Assets

Working Capital

Ownership

Promoter Holding

2.65%

Chg in Prom Hold

FII / Inst Holding

52.53%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$18.90B

Total Revenue (TTM)

$399.87M

EBITDA

Free Cash Flow

Operating Cash Flow

$-809.02M

Shares Outstanding

125.39M

Gross Margin

100.00%

Payout Ratio

96.30%

Growth (CAGR)

Revenue 5Y

92.23%

Profit 5Y

103.22%

Revenue (YoY)

76.50%

Earnings (YoY)

127.00%

PROS

Excellent profit margin of 53.4%.
Compounding revenue at 92.2% over 5 years.
Profit CAGR of 103.2% over 5 years.
Attractive dividend yield of 11.50%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	EFC Ellington Financial Inc. R2K	13.57	8.38	$1.70B	11.50%	-	12.18%	92.23%	103.22%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72.28M	86.27M	76.58M	71.37M	127.94M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.36M	50.80M	50.84M	65.61M	37.05M
Operating Income	17.52M	13.46M	11.82M	8.52M	6.39M	9.03M	11.78M	8.43M	7.90M	7.06M	10.24M	10.99M	11.68M	10.21M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72.66M	72.13M	73.13M	86.62M	88.25M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.92M	35.48M	25.74M	5.76M	90.89M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96.00K	1.48M	1.06M	1.35M	966.00K
Net Income	3.90M	1.78M	-23.20M	4.99M	516.00K	1.69M	15.28M	5.06M	6.20M	7.44M	21.04M	21.19M	6.66M	-2.22M	15.41M	12.64M	17.29M	11.12M	-129.40M	37.28M	46.20M	63.16M	37.86M	32.66M	20.56M	34.27M	-9.90M	-64.88M	-33.29M	38.92M	2.90M	6.59M	26.91M	52.35M	16.18M	38.68M	49.96M	36.58M	21.65M	105.32M
Diluted EPS	0.12	-	-0.69	0.15	0.02	-	0.47	0.16	0.19	-	0.67	0.69	0.22	-	0.52	0.43	0.53	-	-3.04	0.85	1.06	-	0.86	0.75	0.41	-	-0.17	-1.08	-0.55	0.58	0.04	0.10	0.32	0.62	0.19	0.35	0.45	0.29	0.14	0.78

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	43.15M	256.50M	282.19M	306.51M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	68.12M	167.29M	165.92M	208.60M
Operating Income	18.35M	24.79M	44.70M	24.19M	49.66M	58.75M	66.18M	35.77M	35.17M	43.12M	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	141.78M	262.45M	279.61M	304.53M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-24.97M	89.21M	116.27M	97.91M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-17.72M	457.00K	612.00K	3.79M
Net Income	93.38M	40.57M	10.33M	97.15M	78.52M	59.17M	38.09M	-16.01M	33.98M	46.68M	56.47M	17.25M	125.35M	-70.05M	84.08M	145.86M	146.87M
Diluted EPS	-	3.04	0.61	5.31	3.28	2.09	1.13	-0.48	1.04	1.52	1.76	0.39	2.58	-1.43	0.89	1.36	1.19

Compounded Sales Growth

5 Years:	92.23%
1 Year:	76.50%

Compounded Profit Growth

5 Years:	103.22%
1 Year:	127.00%

Stock Price Performance

1 Year:	+21.60%
6 Months:	+4.81%
3 Months:	+12.66%
1 Month:	+4.99%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Oct 2022	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	2.33B	1.97B	2.15B	2.98B	3.95B	2.99B	2.41B	2.99B	3.97B	4.34B	3.41B	-	-	14.09B	15.32B	16.32B	19.35B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	61.40M	102.86M	35.79M	62.74M	59.08M	183.49M	114.14M	183.91M	123.27M	47.23M	44.66M	72.30M	111.65M	-	20.37M	217.05M	228.93M	192.39M	201.89M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176.17M	532.13M	211.27M	213.13M
Total Liabilities	-	-	1.93B	1.60B	1.65B	2.35B	3.16B	2.25B	1.77B	2.37B	3.38B	3.47B	2.49B	-	-	12.87B	13.78B	14.73B	17.48B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	0	84.77M	85.03M	85.30M	85.56M	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.40B	13.33B	14.20B	16.96B
Total Equity	241.08M	299.79M	403.67M	370.92M	506.36M	620.40M	782.15M	732.05M	637.66M	600.10M	563.83M	829.26M	885.22M	-	-	1.20B	1.52B	1.57B	1.83B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.81M	83.00M	90.68M	113.14M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-216.52M	-347.55M	-47.45M	-51.40M	-244.38M	-604.16M	654.25M	69.69M	-462.93M	-494.18M	79.25M	119.51M	51.29M	42.69M	-241.86M	-430.53M	-925.46M
Investing Cash Flow	-	-	-	-	-	-	-	-	-	-	-1.66B	507.27M	-2.03B	-1.75B	174.91M	-728.26M	-4.07B
Financing Cash Flow	257.98M	280.48M	74.40M	47.74M	368.79M	534.81M	-584.48M	-130.33M	386.66M	491.60M	1.61B	-587.43M	1.95B	1.84B	75.63M	1.14B	5.12B
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	42.69M	-241.86M	-430.53M	-925.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	129.03M	8.68M	-21.60M	129.24M
Share Buybacks	7.33M	0	1.05M	3.43M	0	0	5.64M	14.03M	14.64M	23.13M	782.00K	3.06M	0	1.66M	12.35M	685.00K	0
Dividends Paid	30.83M	33.91M	42.38M	47.41M	92.07M	86.45M	83.46M	65.15M	57.64M	50.74M	54.31M	65.03M	85.70M	123.06M	149.27M	163.54M	183.62M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-162.3%	32.8%	51.7%	47.9%
ROE %	31.1%	10.1%	2.8%	19.2%	12.7%	7.6%	5.2%	-2.5%	5.7%	8.3%	6.8%	1.9%	-	-5.9%	5.5%	9.3%	8.0%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

2.65%

Institutions

52.53%

Public Float

53.96%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.71%	19.70M	$267.34M
2	Vanguard Capital Management LLC	4.03%	5.05M	$68.50M
3	State Street Corporation	3.67%	4.61M	$62.49M
4	Geode Capital Management, LLC	2.33%	2.93M	$39.69M
5	Mirae Asset Global ETFs Holdings Ltd.	1.74%	2.18M	$29.52M
6	Vanguard Portfolio Management LLC	1.59%	1.99M	$27.06M
7	Invesco Ltd.	1.26%	1.58M	$21.47M
8	Delphi Financial Group, Inc.	1.12%	1.41M	$19.11M
9	Northern Trust Corporation	1.09%	1.36M	$18.49M
10	Van Eck Associates Corporation	1.09%	1.36M	$18.52M

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